United Continental (NASDAQ:UAL) Stock Rating Lowered by BidaskClub

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BidaskClub downgraded shares of United Continental (NASDAQ:UAL) from a buy rating to a hold rating in a report released on Wednesday morning, BidAskClub reports.

Other equities research analysts also recently issued reports about the company. Citigroup began coverage on United Continental in a report on Thursday, October 31st. They issued a buy rating and a $107.00 price objective for the company. Cowen set a $96.00 price objective on United Continental and gave the company a hold rating in a report on Friday, October 11th. Goldman Sachs Group set a $128.00 price objective on United Continental and gave the company a buy rating in a report on Wednesday, October 9th. UBS Group assumed coverage on United Continental in a report on Tuesday, November 12th. They set a buy rating and a $110.00 price target for the company. Finally, Morgan Stanley increased their price target on United Continental from $103.00 to $106.00 and gave the stock an overweight rating in a report on Monday, November 11th. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $103.93.

Shares of UAL stock traded down $0.73 during trading hours on Wednesday, hitting $90.97. The stock had a trading volume of 1,630,900 shares, compared to its average volume of 2,748,950. The firm has a market capitalization of $23.41 billion, a PE ratio of 9.96, a PEG ratio of 0.38 and a beta of 1.18. United Continental has a twelve month low of $77.02 and a twelve month high of $97.85. The stock’s 50 day moving average is $90.00 and its 200 day moving average is $87.46. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.54 and a quick ratio of 0.48.

United Continental (NASDAQ:UAL) last posted its quarterly earnings data on Tuesday, October 15th. The transportation company reported $4.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.97 by $0.10. The business had revenue of $11.38 billion during the quarter, compared to the consensus estimate of $11.43 billion. United Continental had a return on equity of 30.06% and a net margin of 6.60%. The company’s revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the company earned $3.06 earnings per share. As a group, equities analysts predict that United Continental will post 11.98 earnings per share for the current year.

In related news, Director Carolyn Corvi sold 1,024 shares of the stock in a transaction on Friday, September 27th. The stock was sold at an average price of $88.85, for a total transaction of $90,982.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders have sold 3,072 shares of company stock valued at $273,416. Corporate insiders own 0.40% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD lifted its holdings in United Continental by 16.0% in the second quarter. Price T Rowe Associates Inc. MD now owns 12,266,464 shares of the transportation company’s stock valued at $1,073,929,000 after acquiring an additional 1,690,744 shares during the period. Lansdowne Partners UK LLP lifted its holdings in United Continental by 0.4% in the second quarter. Lansdowne Partners UK LLP now owns 7,603,045 shares of the transportation company’s stock valued at $665,641,000 after acquiring an additional 29,296 shares during the period. Invesco Ltd. lifted its holdings in United Continental by 2.9% in the second quarter. Invesco Ltd. now owns 4,119,055 shares of the transportation company’s stock valued at $360,623,000 after acquiring an additional 114,421 shares during the period. Nuveen Asset Management LLC lifted its holdings in United Continental by 318.3% in the second quarter. Nuveen Asset Management LLC now owns 1,819,233 shares of the transportation company’s stock valued at $159,274,000 after acquiring an additional 1,384,330 shares during the period. Finally, APG Asset Management N.V. lifted its holdings in United Continental by 59.5% in the second quarter. APG Asset Management N.V. now owns 1,725,800 shares of the transportation company’s stock valued at $132,678,000 after acquiring an additional 643,900 shares during the period. 98.26% of the stock is owned by hedge funds and other institutional investors.

About United Continental

United Continental Holdings, Inc, through its subsidiaries, provides air transportation services in North America, Asia, Europe, the Middle East, and Latin America. It transports people and cargo through its mainline and regional operations. As of December 31, 2018, the company operated a fleet of 1,329 aircraft.

See Also: How are Outstanding Shares Different from Authorized Shares?

Analyst Recommendations for United Continental (NASDAQ:UAL)

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